{
  "kind": "story",
  "slug": "heymann-tepid-demand-a-challenge-for-industrials-to-grow-sal-2805063",
  "id": 1779954846112805063,
  "record_id": 1775924375782930667,
  "headline": "Heymann: Tepid demand a challenge for industrials to grow sales",
  "summary": "",
  "source": "bloomberg-surveillance-podcast",
  "source_url": "https://omny.fm/shows/bloomberg-surveillance/heymann-tepid-demand-a-challenge-for-industrials-t",
  "home_domain": "economics-business-work",
  "claim_type": null,
  "sentiment": "mixed",
  "significance": "medium",
  "claim_count": 111,
  "reading_time_minutes": 7,
  "published_date": "2026-04-11",
  "created_on": "2026-05-28T07:54:05.774358+00:00",
  "claims": [
    {
      "id": 1779954846714150896,
      "text": "The key challenge for industrials is tepid end market demand growth in their key end markets.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846646305008,
      "text": "GE and Honeywell bettered expectations last week.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846671663630,
      "text": "Acquisitions brought down margins for Honeywell and GE.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846730439793,
      "text": "Honeywell reported lower margins due to costs linked to acquisitions.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846543513241,
      "text": "Significant sustained upside surprises in the U.S. would make it more difficult for the Federal Reserve to remain dovish.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846546346717,
      "text": "The total all shares index in Saudi Arabia is lower.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846551551882,
      "text": "The lower Saudi index is weighing on oil prices.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846554860781,
      "text": "West Texas Intermediate (WTI) crude is at $43.29, down one percent.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846557478434,
      "text": "Brent crude is at $44.80, down seven percent.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846570349376,
      "text": "The stock 600 is down by three-tenths of a percent.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846574846346,
      "text": "The DAX is off by 54 points, half a percent.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846579961038,
      "text": "S&P futures are down by a tenth.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846582152980,
      "text": "Dow futures are down by a tenth.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846590597756,
      "text": "NASDAQ futures are down by the same percentage.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846598629816,
      "text": "The 10-year note yield is down a basis point to 1.88%.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846606522526,
      "text": "The two-year yield is 81 basis points.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846611753670,
      "text": "The Federal Reserve meets Wednesday.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846614133517,
      "text": "The Bank of Japan meets Thursday.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846634795480,
      "text": "The dollar index is low at 94.857.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846650294002,
      "text": "GE and Honeywell's outlooks do not seem to match the gloom.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846662008425,
      "text": "GE and Honeywell managed to check the box of better-than-expected earnings versus consensus.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846666320075,
      "text": "The optics for GE and Honeywell were not as sharp as hoped after earnings.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846670664413,
      "text": "Both GE and Honeywell had large acquisitions to integrate.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846678206204,
      "text": "Both GE and Honeywell are working to drive through the headwall of foreign currency exchange.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846682561052,
      "text": "Honeywell hedged against currency fluctuations.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846686702973,
      "text": "GE earnings were penalized two cents by currency fluctuations.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846693911314,
      "text": "If the dollar weakens, Honeywell might find more optical challenges if sales inflate, putting pressure on reported margins due to hedging.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846706710654,
      "text": "Industrial companies face a big challenge in growing sales.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846718935917,
      "text": "Industrial companies are trying to find different acquisitions or base infrastructure where demand is endless.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846722027405,
      "text": "GE is working with third parties to arrange project finance.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846738964523,
      "text": "Diminished purchase accounting and deal closing costs are expected as the year progresses for Honeywell.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846742798847,
      "text": "Honeywell will still have amortization of goodwill from $11 billion or eight acquisitions completed since early last year.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846746658712,
      "text": "Amortization of goodwill will keep a cap on Honeywell's margin.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846750585783,
      "text": "Honeywell is likely to focus more on buybacks rather than big acquisitions.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846758282578,
      "text": "Two cents of Honeywell's earnings beat on Friday were due to a $1.1 billion repurchase of stock in the first quarter.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846767241547,
      "text": "The $1.1 billion stock repurchase was not expected in the first quarter.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846778155847,
      "text": "Darius Adamczyk was appointed President and COO of Honeywell.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846782705298,
      "text": "The appointment of Darius Adamczyk suggests he is in line to succeed Dave Cody as CEO.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846790440468,
      "text": "Dave Cody is expected to step down sometime in early 2018.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846794508754,
      "text": "It is a much greater challenge for companies to generate continued earnings growth.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846802073497,
      "text": "Sales or demand for end market demand in most industrial end markets around the world are pretty weak.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846806724578,
      "text": "Companies have resorted to acquisitions to generate earnings growth.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846810618189,
      "text": "Companies have resorted to returning more cash to shareholders via buybacks to generate earnings growth.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846814298205,
      "text": "Acquisitions and buybacks are getting challenging goals to still achieve.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846822408599,
      "text": "There is a 25% divergence across the universe of diversified companies between GAAP earnings and adjusted EPS.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846826368255,
      "text": "The divergence between GAAP earnings and adjusted EPS has grown from 6% in 2013.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846830396973,
      "text": "German big companies are not doing too great.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846834300360,
      "text": "There was a drop in business confidence in Germany.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846850286149,
      "text": "S&P futures are down by two points, a tenth of a percent.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846854758189,
      "text": "Dow futures are off 20 points, a tenth.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846859656853,
      "text": "Stock 600 is down by a point, a four-tenths drop.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846862929910,
      "text": "President Obama outlined a plan to send additional troops to Syria.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846870739625,
      "text": "President Obama will send up to 250 special operations troops to Syria in an advisory capacity.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846879503021,
      "text": "This will bring the number of U.S. advisers in Syria to about 300.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846883716475,
      "text": "The Brussels subway station where 16 people were killed is open again.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846890546944,
      "text": "Donald Trump's Republican rivals are teaming up to deprive him of delegates needed to outright win the nomination.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846899175045,
      "text": "John Kasich's campaign will give Ted Cruz a clear path in Indiana.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846902385485,
      "text": "The Cruz campaign will clear the path for John Kasich in the Oregon and New Mexico primaries.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846910463547,
      "text": "Oil is retreating from its highest close in five months amid signs a global glut will be prolonged as Middle East producers boost supplies.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    },
    {
      "id": 1779954846914508296,
      "text": "U.S. stock index futures are lower this morning.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-04-11"
    }
  ],
  "tags": [
    {
      "id": 17733541011713166,
      "slug": "airbus-organization",
      "name": "Airbus",
      "type": "organization"
    },
    {
      "id": 17730927333432642,
      "slug": "als-organization",
      "name": "ALS",
      "type": "organization"
    },
    {
      "id": 17730941323541257,
      "slug": "alstom-organization",
      "name": "Alstom",
      "type": "organization"
    },
    {
      "id": 17723038993590356,
      "slug": "bank-of-japan-organization",
      "name": "Bank of Japan",
      "type": "organization"
    },
    {
      "id": 17733516524991708,
      "slug": "bloomberg-organization",
      "name": "Bloomberg",
      "type": "organization"
    },
    {
      "id": 17723038993601755,
      "slug": "boeing-organization",
      "name": "Boeing",
      "type": "organization"
    },
    {
      "id": 17733541233921437,
      "slug": "bombardier-organization",
      "name": "Bombardier",
      "type": "organization"
    },
    {
      "id": 17728309346411594,
      "slug": "bow-organization",
      "name": "BOW",
      "type": "organization"
    },
    {
      "id": 17731005939002116,
      "slug": "capitals-organization",
      "name": "Capitals",
      "type": "organization"
    },
    {
      "id": 17724298431065912,
      "slug": "chase-for-business-organization",
      "name": "Chase for Business",
      "type": "organization"
    },
    {
      "id": 17733577810239137,
      "slug": "cincinnati-financial-corporation-organization",
      "name": "Cincinnati Financial Corporation",
      "type": "organization"
    },
    {
      "id": 17733541167072741,
      "slug": "cme-organization",
      "name": "CME",
      "type": "organization"
    },
    {
      "id": 17730924887977037,
      "slug": "delta-organization",
      "name": "Delta",
      "type": "organization"
    },
    {
      "id": 17733517479726196,
      "slug": "disney-organization",
      "name": "Disney",
      "type": "organization"
    },
    {
      "id": 17723038993602372,
      "slug": "fdic-organization",
      "name": "FDIC",
      "type": "organization"
    },
    {
      "id": 17723038993590095,
      "slug": "federal-reserve-organization",
      "name": "Federal Reserve",
      "type": "organization"
    },
    {
      "id": 17733517472940806,
      "slug": "ge-organization",
      "name": "GE",
      "type": "organization"
    },
    {
      "id": 17730924845549418,
      "slug": "general-electric-organization",
      "name": "General Electric",
      "type": "organization"
    },
    {
      "id": 17724262269234801,
      "slug": "global-payments-inc-organization",
      "name": "Global Payments Inc.",
      "type": "organization"
    },
    {
      "id": 17728563769726530,
      "slug": "honeywell-organization",
      "name": "Honeywell",
      "type": "organization"
    },
    {
      "id": 17723038993593028,
      "slug": "invesco-organization",
      "name": "Invesco",
      "type": "organization"
    },
    {
      "id": 17733574493123888,
      "slug": "islamic-state-organization",
      "name": "Islamic State",
      "type": "organization"
    },
    {
      "id": 17730925960377669,
      "slug": "jpmorgan-chase-and-company-organization",
      "name": "JPMorgan Chase and Company",
      "type": "organization"
    },
    {
      "id": 17733570854490209,
      "slug": "jpmorgan-chase-bank-n-a-organization",
      "name": "JPMorgan Chase Bank, N.A.",
      "type": "organization"
    },
    {
      "id": 17723038993861101,
      "slug": "mercedes-benz-organization",
      "name": "Mercedes-Benz",
      "type": "organization"
    },
    {
      "id": 17733541719917432,
      "slug": "nhl-organization",
      "name": "NHL",
      "type": "organization"
    },
    {
      "id": 17730932136028223,
      "slug": "penguins-organization",
      "name": "Penguins",
      "type": "organization"
    },
    {
      "id": 17733519562519782,
      "slug": "siemens-organization",
      "name": "Siemens",
      "type": "organization"
    },
    {
      "id": 17723038994606084,
      "slug": "united-technologies-corporation-organization",
      "name": "United Technologies Corporation",
      "type": "organization"
    },
    {
      "id": 17733519563829313,
      "slug": "volvo-organization",
      "name": "Volvo",
      "type": "organization"
    },
    {
      "id": 17726720913778286,
      "slug": "william-blair-organization",
      "name": "William Blair",
      "type": "organization"
    },
    {
      "id": 17723038993689721,
      "slug": "barack-obama-person",
      "name": "Barack Obama",
      "type": "person"
    },
    {
      "id": 17731020933804438,
      "slug": "darius-adamczyk-person",
      "name": "Darius Adamczyk",
      "type": "person"
    },
    {
      "id": 17730926070319098,
      "slug": "dave-cody-person",
      "name": "Dave Cody",
      "type": "person"
    },
    {
      "id": 17723038993608245,
      "slug": "donald-trump-person",
      "name": "Donald Trump",
      "type": "person"
    },
    {
      "id": 17723038994404702,
      "slug": "francine-lacqua-person",
      "name": "Francine Lacqua",
      "type": "person"
    },
    {
      "id": 17733576368933791,
      "slug": "greg-valle-person",
      "name": "Greg Valle",
      "type": "person"
    },
    {
      "id": 17723038993604872,
      "slug": "janet-yellen-person",
      "name": "Janet Yellen",
      "type": "person"
    },
    {
      "id": 17733545521703510,
      "slug": "jeff-immelt-person",
      "name": "Jeff Immelt",
      "type": "person"
    },
    {
      "id": 17726493902254636,
      "slug": "john-kasich-person",
      "name": "John Kasich",
      "type": "person"
    }
  ]
}